Yes and NIO is backed by the Tencent Behemoth.
I'll also just add this:
http://www.scmp.com/business/articl...s-shake-china-ride-hailing-market-after-us15b
One key paragraph - "
The Chinese government has accelerated efforts to advance the country’s capabilities in the electric car industry.
In September, it unveiled aggressive electric car policies, which will require all Chinese car manufacturers to obtain a new electric vehicle (NEV) score of at least 10 per cent from next year, and up to 12 per cent by 2020. The score is related to the production or import of electric vehicles.
The country’s ultimate target is electric and hybrid cars making up at least a fifth of its cars by 2025."
Furthermore, If Geely's ride share gains traction, who knows what their electric vehicle fleet will expand to. Especially with the Chinese governments huge push on EV. The future is electric, the future is Lithium.
Yes and NIO is backed by the Tencent Behemoth. I'll also just...
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